L u A A WE GO WHERE DEMOCRATIC PRINCIPLES POINT THE WAY; WHEN THEY CEASE TO liar, Aa" ro LEAD, WE CEASE TO FOLLOW. !$Tlir1iJlir iji iii hi ii hi iii hi hi II! si mm j. my. T li Jl S. -v., nv.vBi-unvopam. ui the final UispoM- rUOl'VTALYSi:XTXKL" is publish- " ma,Jc' of thcst: w hvc ial informa- ' "tSS4" 1Cr 1 1Ud; " tL? result of this illegal .ana,,, i-avab half f,.r a shorter nHaicd expedition. Thus, thoughtless ., Biil.scnpt.un will I't. wkeniora snor (jUlis ,11(,u L L induced bv fd , 1 od t.,uisiu;ont s; am no paper -will be lwst Ilta, tit ttw of jibC'.-ii t i ii u'.-a i . j " " t ' -uice at the expira- tU"r nlltr ron-h rash aud unfounded ex wlure o n-tity a discontinuance at me expir.i 1t.ct.,tK,lia oI assisting to accomi.lish l.oliLie-.l .- .i. . ...r,.. suhsoritod tor. Will be COIiSld- f ... . "Ccompiis.l political .... ..t t in? term si !reJ us a new en ira cement. EV- iDVEUTl.'iKMKXTS Tll be inserted i tlieMlowiug rates: 50 cents per square for tht tirst insertion: To cents for two insertions; $1 for three insertions ; and 2-3 cents per square fur err rv subsequent insertion. A liberal reduc tion made to those who advertise by the year. All advertisements handed in must have the proper number of insertions marked thereon, .rtliey will be published until forbidden, and Ln:eJ in accordance with the above terms. 11 letters and communications to injure iCiintion must Oe furl lhim. -i. . aju-t . PRESIDENT'S F:l'vU-citiZ:H3 of the S:IUlte and of the JIuus: vf R-jrat ntalives : ;.rtime, tlireateueU to disturb the lraternai j relations which make us one people, is fast sub- J i Jmg; and a year of general prosperity and j htulili Las crowned the nation with unusual . tussings. ctle can look back to the dangers j Kiiich are passed, or forward to the bright pros- j ..... - .1 pxt before us, without feeling a thrill of gratifi cation, at tbe same time that he must be im jreijcd with a grateful sense of our profound vblii."itiuns to a beneficent Providence, whose jattrmil cure is so manifest in the happiness of Ui liib'li!y-lavored land. J Suae the close of the laet Congress, certain j Culms and other foreigners resident in the j U.ted States, h-Imj were more or less concerned j ;a tic previous invasion of Cuba, instead of be- it; vJiscouragcd b- it failure, have again abused j Luspitahty of this Country, Ly making it the nxuc ol tu equipment ot another military ex-p-iitioU against tLvt possession of her Catholic fa'j'jsiy, iu Lk-li they were countenanced, :irl ai. 1 jvine-i l,y citizens of the United States. Vu rvcciTiug intelligence that such desisns were vttirLiiacd, I lost no time iu issuing such in tructiciis to tbe r: per ofiiccrs of tbe United itia as seemed to be called for by the occa ua. bv the prochtination, a copy of which is irr:iUi submitted, 1 also warned those who fciclu be iu danger ot T:nB inveigled Into this scheme of its uuVawral character, a,iid of tbe ptDalties wbioh tUy wouM ineur. For some iJht there was reason to hope that theso tnea t'.rii bad suL'tced to .rcvent any such attempt. Tins Lope, however, j-roved to Le delusive, ttrr carlv in the- nii,riiin. ,.r i ,.r .. ut, a steamer called the I'ampero departed fr-'ui -New Orleans for Cuba, having on board . ...... vt . .. . l li 1 1 Ll ol ;IU- pwwaa ol lour hundred armed men, with evi Jtut iLUatious to make war ujn the authorities tiie island. This espeditiou was set on foot u ri:r...l 1 . .t . ....... - icifs vi in c imivu tutes. Its leader was a Spaniard, and several tae chief oncers, and some others engaged tit "try Lrtigncrs. The persons composing UuwcTer, were mostly citizens of the United leS. Efore Uio expeditiou set out, and probably tt.urt u was organized, a slight insurrectionary alueat, which lit.r.irs t.i lnr l.,m I I ' - - " w wt i.u CVVH ... - . "ce"""-1' v , .juuU ol it published in this emmfrv tl..t , . . I . Jfe fcdveuturers seem to have been led to be te that the Creole population of the island not K'J desired to throw otf the authority of the er country, but had resolved upon that step, i Lai beguu a well-concerted enterprise for -xtiug it. Tlio persons engaged in the expe--H'U were generally young and ill-informed, iieainer in which they embarked left iev stealthily and without a clearance. ; toucmngat Key nest, she proceeded to t -A-e mam body of them proceeded to, an --S10U of an inland village, six league .'it, leaving others to follow in charge of th d ues he mam body, and Laving proceeded about four 1 couutrJ. were attacked on the -ulilUe Uxk b a of Spanish troops, ut fiftr f VkpU of Jisciabarcation, where !M th "Stained boats and re-em-Ite-l aaertI0' TIljr wcre .kWCTert inter- PwiJi stef, k-ey3 near the shorc R rK ,rm-iluS on coast, capturc-4 bof .ana an after being ex- WL- ,,, - ., a '"wury court, were sentenced C4rried !a.exe-ute''t and the sentence w asJ 11. on the lr.ti. r.r Ccmo.'0re f 'niuraUon of w hat h;vl occurred, fraceMin ti llA'1su'ker was instructed : .e "eam-frigate Saranac to Ha- txZ .T10 the th;u"Scs against the tt7 were t v Clrcumstances under which ,lieir trial ar I RB'1 wnatsoever referred to ton from .1 etitcce. Copies of the instruc 'jf fctte! ,P3rtment ttate to Lim, and mitte-l, department, are herewith fcPRsoLer,t0..therccorJof the examination, Saat them ltea bffence barged 'L At ling hostile invaders of the ' teain br 1 U,me of their trial execution making J of tLe invaders -was still in the Sparm.!,0 UPQ the Spanish authorities S ub-ects- After the lapse of some iUr.Jf O.vtrcome by the Spanish troops, l4er I a lhe 24th of August; Lopez, Utctd on'.ra3,Cai'turcJ 801116 daJ3 after inino ? 1, lst of September. Many of Lis Itix.t I.un,-'Wfers were killed, or died ofhun. Of tL U' aU1 the rCBt vere Iuatle l'ris 'rtInited Dne ll'car to have been tried M t,lir-"eTc.ral ot" tbem were pardoned ' Wen ene hundred and eixty in num- I congratulate vou and our common coustitu- j l'ra; ad ow in conhnement in Spain ; but tut J upon the favorable aupiccs under which i u ls t0 bc ilol d ll-ut such interposition with the vju meet for your first session. Our country is i government of that country may not be cou- -,ri. ..ll ..rl, I TI.b i"T.,r;...i ! tidered as uHordin anv i'rciiiii.1 ..f .vtw...!-..r;.... ue ci.'u.t ..r ...i... .i - i . . .. i J" ' uu4. uiiu. on lilt' rtttriir t T r c t-1 i in . i . .- c 7 -wiaan l'tn 01 August landed tlif r.rc....a .,1, 1 1 num iue territory or flatriaytas, ftL n abou ited States, begin, or set ILTana. ie..0ucs un foot, or provide, or prepare the means for '.1. ' e-- 1 tuat 11 an v r,ir..? ul,.. 11 -i.i... .1 . ... -. 1 c-Ti V' 1 as thc me;ln oi transportation JUe uLtiuned. The latter, having taken up r Ue f marc!. t.- i .. revolutions iu otucr States, j.i.. I..., .... , 7 - 1 liJI. their lives m the undertaking. Too severe, a judgment can hardly be passed, by rhe indignant sense of the community, upon those who, being better informed themselves, have yet led away the ardor of youth and an ill-directed love of political liberty. The correspondence between this Government and that ot Spain relating to this transaction is herewith communicated. Although these offenders ugainst the laws nave ioneucd tue protection ot th X-tt l. ,. I 1 . - . eir country, .j. .u eminent may, so lar as is consistent with its obligations to other countries, audits hied j urpoae to uiaintaiii and enforce the laws, entertain sympathy lor their unoffending fami lies and Iriciids, as veil as a feeling of compas sion for themselves. Accordingly, no proper ciiort has been spared, and umViil be spared, to procure the release of such citizens of the 'v uuiuuuvui mc LniteU tetates will, boreal ter, leci itself under any obligation of duty lo intercede K r the liberation or pardon of such l eisons as ire liagrant oiiendeis against the w of nations ana tne laws of the Lnited States. f bese laws must Le executed. It we desire to tii..r rt... t!...- . .- -i i- . . maintain our rcspcciaoiUty amonr the nations ol the earth, ii ochoves us to enioice sleauily and sternly the neutrality acts passed by Con :iess, ana io loilow, ns lar as luuy Le. the viu- mtiou ol those acts with condign punishment. nui nuai iu-s a peculiar criminality to this invasion ol Cuba is, that under the lead of Spanish subjects and with the aid of citizens of Lnited oiatvs, it had its origin, with inanv, motives of cupidity. Money was r.dv.-nic-t'il 0" individuals, i robaoJy in considerable amounts to purcnase Luoan bonds, as they have been 1 caned, issued by Lopez, Sold, doubtless, at u ; very iaige uiseouut, and for the payment of j which tne pubde binds and public property of Cuba, ot wnatevei- kind, and the liscal resources i ot the people and government of that island, Irom wnaicver source to be derived, were j pledged, as wed as the good faith ot the govern- j n.eiii expected to be established. An these ! means oi payment, it is evident, were only to be 1 ooiamed oy a process of bloodshed, war, and revolution. v.ouC i.i deny that those who sci on loot military expeditions against foreign StAies by means like these, are lar more culpa ble than the iguoraut and the necessitous whom they mduce to go lorth as the ostensible parties in the proceeding. These originators of the in vasion ol Cuha seem to have determined, with coolness and system, upon an undertaking which should disgrace their countiy, violate its laws, and put to hazard the lives of ill-informed and deluded men. ou w ill consider whether further . . iw oousivier wuvtuer iuriner islatiou be necessary to prevent the perpetra u of such otlences in future. leg nou. oi caiii oueuees in luture -Nu individuals have a right to hazard the peace ot the country or to violate its laws upon vague notions of altering or reforming govern ments in other States. This principle is not only reasonable iu itself, and in accordance with public law, but is engrafted into the codes ot other nations as well as our own. L'ut while iiUtdi are tliu ...... ...... ..-.-.. .. cioua uiiaiUBl Uli:iutlinri7o.l . i. 1 togeiner to attack them. The Government of the Lmted States,at aU times since its establish ment, has abstained and has bought to restrain the citizens of the country, from entering into controversies betw een other powers, and to ob serve all the duties of neutrality. At an early lr w . tmment, iu the administration ot Washington, several laws were passed for this purpose. Ihe main provisions of theee laws were re-enacted -by the act of April, 1818, by , i luuaia Liauuou nuicii, amongst other thin.-, it. ,, ,iu,i,P,i any military expedition ned on Irom thence against the territory or do minion of any foreign prince or State, or of any colony, district, or people with w horn the United States are at peace, every person so offending fchall be deemed guilty of a high demeanor, and shall be find, rio exceeding three thousand dol lars, and imprisoned not more than three years; and this law has been executed and enforced, to the full extent of the pow er of thc Government, from that day to this. In proclaiming and adhering to thc doctrine of neutrality and non intervention, the United States have not followed the lead of the civilized ntfTwas ; they have taken the lead themselves, and have been followed by others. This was admitted by one of the most eminent of modern British statesmen, who said in Parliament, while a minister of the crown, "that, if Le wished for a guide in a system of neutrality, Le should take that hud down by America in the days of Washington and the "secretaryship of Jefferson ;" and we see, in fact, that the act of Congress of 1S18 was followed, the succeeding year, by an act of the Parliament of England, substantially the same iu its general provisions. Up to that time there Lad been 110 similar law in England, except certain highly penal statutes passed in the reigu of George II, prohibiting English subjects from enlisting in foreign ser vice, the avowed object of which statutes was, that foreign armies, raised for the purpose of restoring the house of Stuart to the throne should not be strengthened by recruits from England herself. All must see that difficulties may arise in car rying the laws referred to into execution in a country now having three or four thousand miles of sea coast, with an infinite number of ports and harbors and small inlets, from some of which unuwlul expeditions may suddenly set forth, without the knowledge of Governrnvut, against the possessions of foreign States. Friendly relations with all, but entangling al liances with none, has long been a maxim with us. Our true mission is not to propagate our opinions, or impose upn other countries our Msm. urn fomi of government, by artifice or force; but to teach by example, and chow bv our success, moderation and justice, the blessings of self government, and the advantages of free institu tions. Let every people choose for itself, -and make and alter its political institutions to suit its own condition and couvenienco. 15 ut. while we avow and maintain this neutral policy our selves, w e are anxious to see the same forbear ance on the part of other nations, who 4V.r:nR of government are different from our ow. The uivp i a teres t w nicii we ict i in the spread of liberal principles and the establishment of free governments, and the sympathv with w hich we witness every struggle against oppression, forbid that we should be inditiereiit to a case in which the strong arm of a foreign pow er is invoked to stiHe public sentiment and repress the spirit of freedom in any country. The governments of Great Uritain and France have issued orders to their naval commanders on the West India station to prevent by force, if necessary, the landing of adventurers from any nation on the island of Cuba with hostile intent. The copy of u memorandum of a con versation on this subject between the Charge d'AlIaires of her Britannic Majesty and the Acting Secretary of State, and of a subsequent note of the former to the Department of State, are herewith submitted, together with a copv of a note of the Acting Secretary of State to'the Minister of the French republic, and of the re ply of the latter, on the t same subject. These papers will acquaint you with the grounds of this interposition of the two leading commer cial powers of Europe, and with the apprehen sions which this government could not fail to entirtain, that such interposition, if carried into clicct, might lead to abuses in derogation of the maratime rights of the L'intr-,1 nUw ti. maraumo rights of the United States are foun- ded on u firm, secure, and well-defined basis; I they stand upon the ground of National hide- j pendcuce and public law, ami will be maintained i in ali their full and just extent. ine prmcipie which this Government lias l.erctolore solemidv annrmnf-il ir t;n o. i to, and will maintain under all rirr ni.,etn..c eres and at all hazards. That r.rineir.ln i tl.at. ... ev try ry regularly documented merchant vessel, crew who navigate it, and those on board of the it, will cud their protection in the iia" which i over them. o American ship can be allowed i to be visited or searched for the urpose of as- I certaiuing the character of individuals on board, nor can there be allowed any watch by the ves sels of any foreign nation over American vessels'! on thc coasts of the United States or the seas f ..'ijaviiii meieio. 11 win oe seen bv the last 1 communication from the British Charge d' Aff aires to the Department of State, that he is au UwrL(.td 10 assur the secretary of State that every care will be taken that, in executing the preventive measures against the expeditions, which the United States Government itself has denounced as not being entitled to the protection of any government, no interference shall take place with the lawful commerce of any nation. In addition to the correspondence on this sub ject, herewith submitted, orhcial information has been received at the Department of State, of assurances by the Freuch government that, in the orders given to the French naval forces, they were expressly instructed, in any operations they might engage in, to respect the Hag of the United States wherever it might appear, and to commit no act of hostility upon any vessel or armament under its protection. Ministers and consuls of foreign nations are the means and agents of communication between us and those nations, and it is of the utmost im portance that, while redding in the country, they should feel a perfect security so long as they faithfully discharge their respective duties and are guilty of no violation of our laws. This is thc admitted law of nations, ami no country has a deeper interest iu maintaining it than the United States Our commerce spreads over every sea and visits every clime, and our minis ters and consuls are appointed to protect the interests of that commerce, as well as to guard the peace of the country and maintain the honor of its flag. Put how can they discharge these duties unless they be tLemselves protected; and, if protected, it must be by thc law s of the coun try in which they reside. And what is due to our own public functionaries residing iu foreign nations is exactly the measure cf what is due to the functionaries of other governments residiug here. As in war, the bearers of flags of truce are sacred, or else wars would be interminable, so iu peace, embassadors, public ministers, and consuls, charged with friendly national inter--course, are objects of especial respect and pro tection, each according to the rights belonging to his rank and station. In view of these im portant principles, it is with deep mortification and regret I announce to you that, during the excitement growing out of the executions at Havana, the office of her Catholic majebty's con sul at New Orleans was assailed by a mob, his property destroyed, the Spanish flag found in the office carried off and torn in pieccs, and he himself induced to fieo for his personal safety, which he supposed to be in danger. On re ceiving intelligence of these events. 1 forthwith directed the attorney of thc United States resi ding at New Orleans to inquire into the facts and the extent of the pecuniary loss sustained by thc consul, with the intention of laying them before you, that you might make provision for such in demnity to Lim as a just regard for thc honor of the nation and the respect which is due to a friendly power might, in your judgment, seem to require. The correspondence unon this sub ject between the Secretary of State and her i-nti,r,t; . . . . vanwno mujeoij 3 minister pieiupoten tiary is herewith transmitted. Thc occurrence at New Orleans lias led me to give my attention to the btate of our laws in re gard to foreign embassadors, ministers, and con suls. 1 think thc legislation of the country is deficient in not providiug sufficiently either for the protection or thc punishment of consuls. I therefore recommend the subject to the considera tion of Congress. Your attention is again invited to the question of reciprocal trade between the United States and Canada and other British possessions near our frontier. Overtures for a convention upon this subject have beeu received from her Britan nic Majesty's Minister Plenipotentiary, but it seems to be in many respects preferable that the matter should be regulated by reciprocal legis lation. Documents arc laid before you showing thc terms which the British government is wil ling to offer, and the measures which it may M II, 1051 adopt, if some arrangement upon this subject shall nt Le made. F.tjtc accompanying copy of a note from the British Legation at Washington, and the re ply of the Department of State thereto, it will appear that her Britannic Majesty's government is desirous that a part of the boundary line be tween Oregon and the British possessions should be authoritatively marked out, and that an in tention was pressed to apply to Congress for an approrrii.troa td defrny the expense thereof on part of the Uni.ed States. Your attention to this subject is accordingly invited, and a pro per appropriation recommended. A convention for the adjustment cf claims of citizens of the United States against Portugal ha? been concluded, and the ratifications have been exchanged. The first instalment of the amount to be paid by Portugal fell due on the COth of September last, and has beeu paid. The President of the French republic, accord ing to the provisions of the convention, has been selected as arbiter iu the case of the General Armstrong; and has signified that he accepts the trust and the high satisfaction he feels' in acting as the common friend of two nations, with which France is united by sentiments of sincere and lasting amity. The Turkish government has expressed its thanks for the kind reception given to the Sul tan's agent, Amin Bey, on the occasion of his recent visit to the United States. On the 2Sth of February last a despatch was addressed by the Secretary of State to Mr. Marsh, the Amer ican Minister at Constantinople, instructing him to ask of the Turkish government permission for the Hungarians, then imprisoned within thc dominions of the Sublime Porte, to remove to this country. On the Gd of March last both Houses of Congress passed a resolution request ing the President to authorize the employment of a public vessel to convey to this country Louis Kossuth and his associates in captivity. The instruction above referred to was com plied with, and the Turkish government having released Governor Kossuth and his companions from prison, on the 10th of September last they embarked on board of the United States steam frigate Mississippi, which was selected to carry into effect the resolution of Congress. Governor Kossuth left the Mississippi at Gibraltar, for the purpose of making a visit to England, and may shortly Le expected in New York. By commu nications to the Department of State he has ex pressed his grateful acknowledgments for tbe interposition of this Government in behalf of himself and hi3 associates. This country has been justly regarded as a safe asylum for those whom political events have exiled from their own home in Europe; and it is recommended to Congress t consider in w-L&t inai.nci- tiovcr nor Kossuth and his companions, brought hither by its authority, shall be received aud treated, j It is earnestly to be honed that the differences ' which have for some time past been pending be tween the government of the French republic ana mat ol tne tandwicn islands, may be peace ably and durably adjusted, so as to secure the independence of those islands. Long before thc events which have of late imparted so much im portance to the possessions of the United States ' on the Pacific, we acknowledged the independ ence of the Hawaiian government. This Gov ernment was first in taking that step, and seve ral of the leading powers of Europe immediately ! follow ed. We were influenced in this measure i by the existing and prospective importance of i the islands as a place of refuge and refreshment j for our vessels engaged in the whale fishery, and ' by the consideration that they lie in the coune j of the great trade which must, at no distant ' day, be carried on between the western coast of , North America and Eastern Asia. j AVe were also influenced by a desire that those ' islands should not pass under the control of any other great maritime State, but should remain in an independent condition, and so be accessible and useful to thc commerce of all nations. I need not say that the importance of these con siderations has been greatly enhanced by the sudden developemcnt which the interests of the United States have attained in California and Oregon; and the policy heretofore adopted in regard to those islands will be steadily pursued. It is gratifying not only to those who consider the commercial interests of nations, but also to nil who favor the progress of knowledge and thc diffusion of religion, to see a community emerge from a cavage state and attain such a degree of civilization in thoe distant seas. It is much to be deplored that the internal tranquility of the Mexican republic should again be seriously disturbed; for, cince the peace be tween that republic and the United States, it J had enjoyed such comparative repose that the most favorable anticipations for the future might, with a degree of confidence, have been indulged. These, however, have been thwarted by the re cent outbreak in the State of Tamaulipa;, en the right bank of the Ilio Bravo. Having re ceived information that persons from the United States had taken part in the insurrection, aud apprehending that their example might be fol lowed by others, I caused orders to be issued for the purpose of preventing any hostile expe ditions against Mexico from being set on foot in violation of the laws of the United States. I likewise issued a proclamation upon the subject, a copy of which is herewith laid before yon. This appeared to be rendered imperative by the obligations of treaties and the general duties of good neighborhood. In my last annual message I informed Congress that citizens of the United States had undertaken the connexion of the two oceans iy means of a railroad across the Isthmus of Tehuantepec, tin der a grant of the Mexican government to a citi zen of that republic; and that this enterprise would probably be prosecuted with energy when ever Mexico should consent to such stipulations with the Government of the United States as should impart a feeling of security to those who should invest their piopertyin the enterprise. A convention between the two governments for the accomplishment of that end has been ratified by this Government, and only awaits the decision of the Congress and tho Executive of that republic. Some unexpected difficulties and delays have arisen in the ratification of that convention by Mexico, but it is to be presumed that her deci sion will be governed by just and enlightened views, as welt of the general importance of the object, as of her own interests and obligations. In negotiating upon this important subject, this Government has had in view one, and only one, object. That object Lag been, and is, the construction or attainment of a passage from ocean to ocean, thc shortest and the best for travellers and merchandise, and equally open to all the world. It has sought to obtain no territorial acquisition, nor any advantages pecu liar to itself; and it would see, with the greatest regret, that Mexico should oppose any obstacle to the accomplishment of an enterprise which promises so much convenience to the whole commercial world, and such eminent advanta ges to Mexico bsrself. Impressed with these sentiments and these convictions the Government will continue to exert all proper efforts to bring about tie necessary arrangement with the re public of Mexico for the speedy completion of the work. For some months past the republic of Ikrar agua has beeu the theatre of one of those civil convulsions, from w hich the cause of free insti tutions, and the general prosperity and social progress of the States of Central America, have so often and so severely suflered. Until quiet shall have been restored, and a government ap parently stable shall have beeu organized, no advance can prudently be niado in disposing of the ir estions pending between the tw o countries. I am happy to announce that an inter-oceanic communi'uition from the mouth of the St. John to the Pacific has been so far accomplished as that passengers have actually traversed it and merchandise has been transported over it ; and when the canal shad have been completed, ac cording to the original plan, the means of com munication will be further improved. It is understood that a considerable part of the railroad across thc Isthmus of Panama has been completed, and that thc mail nd passen gers will ia future be conveyed thereon. AVhichever f the several routes between the two oceans may ultimately prove most eligible for travellers to and from the different States on the Atlantic aud Gulf of Mexico and our coast on the Pacific, there is little renson to doubt tLat all of thein will be useful to thc public, and will liberally reward that individual enterprise, by which alone they have beeu or are expected to be carried into effect. Peace has been concluded between the con tending parties in the Island of St. Domingo, and it is hoped upon a durable basis. Such is the extent of our commercial relations with that island, that the United States cannot fail to feel a strong interest in its tranquility. The office of Commissioner to China remains unfilled? several persons have been appointed, aud the place has been offered to others, all of whom have declined its acceptance, ou the ground of the inadequacy of the compensation. The annual allowance ly Law is six thousand dollars, and there is no p rovision for any outfit. 1 earnestly recommend the Consideration of this subject to Congress. Our commerce with China is highly important, and. is becoming more aud more so, iu consequence of the increasing in tercourse between our ports on thc Pacific coast and Eastern Asia. China is understood to be a country in which living is very expensive, and I know of uo reason why the American Com missioner sent thither should not be placed, iu regard to comjensation, on an equal footing with ministers who represent this country ut the courts of Europe. By reference to thc Report of the Secretary of the Treasury, it will be seen that thc aggre gate receipts for the last fiscal year amounted to $3:!,31:VJ79 S7; which, with the balance in the Treasury on the lst July, ISoO, gave, us the available means for the year, the sum of 5b,017,5l'4 CG. The total expenditures for the same period were $4K,OU"vb7S jS: The total imports for the year ending 3th June, 18-31, were J1-3,7l'j,.'J.3 Of which there were in Epecic 4,yU7,UUl The exports for the same period were $217,317,130 Of which there were of domestic products 178,540,5-35 For'u goods reexported 9,738,i95 Specie 2'J,ti:iI,SbO -21 7,517,1:50 Since the 1st of December last the payments in cash on account of the public debt, exclusive of interest, have amounted to iJ7,5Ul,4d( 6(3; which, however, includes the sum of ?o,242,4CU paid under the 12th article of the treaty with Mexico, and the further sum of $2,5. 1,2 13 43, being the amount of the awards to American citizens under thc late treaty with Mexico, for which the issue of stock was anthoriscd, but which was paid in cash from the Treasury. The public debt on the 2mh ultimo, exclusive ef the stock authorized to be issued to Texas by the act of Vth September, was SU2,-' 5oO,3U5 2(3. j The receipts for the next fiscal year are esti mated at 51,bUO,O00, which, with thc probable unappropriated balance in the Treasury, on the iJOth June next, will give, as the probable avail- able means for that year, the sum of 03,238, 743 0'J. It Las been deemed proper, in view of thc large expenditures consequent upon the acqui sition of territory from Mexico, that the esti mates for the next fiscal year should be laid be fore Congress in such manner as to distinguish the expenditures so required from the otherwise ordinary demands upon the Treasury. The total expenditures for the next fiscal year arc estimated at !s42,SL'2,2jy 10, of 'w hich there is required for the ordinary purposes of the Government, other than those consequent upon the acquisition of our new Territories, and deducting the payments on account of thc pub lie debt, thc sum of 33,313, p.'c 08; and for the purposes connected directly or indirectly with those Territories, and iu the fulfilment of the obligations of thc Govcrnmeut, contracted in consequence of their acquisition, the sum of y,5iy,iui 11. if the views of the Secretary of the Treasury in reference to the expenditures required for these Territories inall be met by corresponding action on the j.art of Congress, and appropria tions made in accordance therewith, there will be au estimated unappropriated lmlnuce iu the Treasury on the GOth June, 1853, of 20,3GG, 443 UO, wherewith to meet that portion of the public debt due on thc first July following, amounting to G,237,U31 "5, as -well as any appropriations which may be made beyond the estimates. . In thus referring to the estimated expenditures on account of our newly-acquired Territories, 1 may express the hope that Congress will concur with me iu the desire that a liberal course of policy may be pursued toward them, and that VBIII 8.-IIM 3. every obligation, express or implied, entered In to in consequence ol their atqu.-iil, n, elu.Il be fulhiled by the most liberal ai pr priations fcr that purpose. The va'.ues of our domestic exports for the last fiscal year, as compared with those of the previous year, exhibit an increase of .j.43,r,if;, 322. At first view thi3 condition of our trade with foreign nations wvuld seem to present the most flatieriug Lopes of. its futuae prosperity. An examiuotion of the detail of our experts, however, will show that the increaeed value ol' our exports for the last fiscal year is to be found 111 the high price of c tttou which prevailed du ring the hrst haif of that pear, which price has since declined about one-half. The value if our exi crta of hre ndsti-fra .i provisions, which it was tu rrved the incentive 01 u iow laiiu auu large importations from abroad would have augmented, has fallen from GS,7U1A;21, in 1847, to G.31,373 in 18-30 and to 2l,i4,u53 in ls51,with a strong probl ability, amounting aln.Ost to a tertaiuty, .f u still IurtLT reduction ia the current year. TLe aggaegate values of rice extorted durir." the last fiscal year, as compared with the pre vious year, also exhibit a decrease amounting to -lG0,yl7, which, with a decline in the values of tobacco for the tstme period, make ju acre rebate decrease in these two articles of Jjl;15i,"75L The policy w Lich dictated a low rate of duties on toreigu merchandise, it was thought by those w ho promoted and estabdehed it, would tend to beneht the farming population of this country, by increasing the demand and raising the p.rile of agricultural products in foreign markets. The foregoing facts, however ceni to thow incontcstibly that no such result has followed the adoption of this policy. On the Contrary, notwithstanding the rcj-eal of the restrictive corn law s in England, the foreign demand for the products of the American lurnur Las stea dily declined, since the short crops and conse quent famine in a j.oition of Europe have been happily replaced by lull crops anu comparative abundance of food. It will be seen, by recurring to the commer cial statistics lor the past yearthat the value of our domestic exports has been increased in the hingle item of raw cotton by 40,(HX,UW over the value of that export for the year preceding. This is not due to any increased gemral demand for that article, but to the thort crop of thc preceding year, which created an increased de mand and ;in augmented price for the crop cf last year. Should the cotton crop now g. forwar I to market be only equal in quanta v to tbat of the year preceding, and be told at" the present prices, then there would be falling oil" 111 the value of our exports for the present fiscal yeiir of at leait 10, OOO.OUO, compared w ith the umouut exported for the vear cnduiir 30th June lb-31. w ' The production of gold ia California for the past year seems to promise a large supply of the metal from that quarter for some tune to. come. This large annual increase of the cur rency of the world must be attended with its usual results. These Lave been already par tially e iscloscd in the enh'iuceinent of prices and a rising spirit of speculation tnd advtntaxe, tending to overtrading, as well at heme as abroad. Unless Some salutary check shall Le given to these tendencies, it is to be feaicd that importations of foreign c.uods Levond a healthy demand in this country will lead to a sudden drain of the j.reclous metals from us, bringing with it, as it has done in former times, the most disastrous, consequences to the business and capital of tho American people. The exports of specie to liquidate our foreign debt during the past fiscal year have been 2 l,2G3,y I y over the amount ol" specie imported The exports, of specie during thc first quarter .t the present fiscal year have been 514,051,827. Should specie continue to be exported ut tliil rate for tne remaining three quarters of this, year, it will drain from our metallic currency during the year ending 3o;h Juue, 1852, tho enormous aii.ouiit of ."ii:c.tl)7 o In thc p resent prosperous condition cf the national nuances, it will 1kh-i-.hu of Congress to Consider the best mode of rn.vit.Tr th public debt. If the prese nt and anticipated surplus in the Treasury should not be absorbed by apq: ropriatious of au extraordinary character, tins surp.lus should be employed iu such a way and under such restrictions'! as Viis-vi-b enact, iu txunguisuinjj the the nation. outstanding debt of I3y reference to the act of Congress approved Oth September, 18-30, it will bu t,ecn that, iu consideration ol certain concessions by the State of Texas, it is provided that the l nited States 'shall pay to the State of Texas the sum of ten miliiens of dollars, in a stuck bearing live per cent, interest, and redeemable at the end of ' fourteen years, the interest payable half vcarh , 'at the Ireasury of the Uuited Staes." In the same scctiou of the law it is further provided "that no more than tve millions of said stock shall be issued until the creditors if the State holding bonds ajid other certificates ' of stock of Texas, J,r vfn-h dutit v iiNjnru 'ircr i-iciaUi pledged, shall first tile at the. 'Treasury of the lnited Suites releases ou all 'claims against the United States, for or ou ac couut of said bonds or certificates, in such form 'as shall be prescribed by tbe Secretary of tho Treasury, and approved by the President of tho United States." Tho form of release thus provided for has bec-i prescribed by thc Secretary of the Treasury, and approved. It Las been published in ail the leading newspapers iu the commercial cities of the United States, and all fersins holding claims of the k:ud st eeined iu the forcgoim 1 rovtu were required to file their releases (in the form thus prescribed) in the Treasury ot thc United Statvs, on or before the 1st day of October, 1851. Although this pubHeafU-i has been continued from the 25th day of March, 1S51, yet up to the 1st of October last comparatively "lew releases had been filed by the creditors of Texas. The autJioritit s of tin Stst .f .1 .v- request ot the Secretary of thc Treasury, fuiUished a schedule of the public debt of . 0.0, l UiU hav that fctatc created jTior to iier admissiou into the Union, wiih a copy of the law s under w hich each Class waa couuacicu. 1 have, from the documents furnished by tLe State ot Texas, determined the classes of claims which m my judgment fall within the rrovK, 113 ofthu act of Cw.gr of the Vth of September, On U-ing officially informed of the acceptance lylexaaol the proictK- confined t ir